Acchain.org, overseen by the International Digital Assets Exchange Council (IDAXC) has issued a press release commemorating another milestone in its long-term business plan.

It is organizing an ICO to fund the A-SDR global basket of digital currencies based on a similar model that the IMF has been working with for several decades.

While the IMF deals exclusively with banks, The A-SDR focuses on cryptocurrency.

In the original announcement, it was explained that ACCoin (ACC) – the top-tier or “fuel” coin supervised by the IDAXC, form a 3-part “digital cryptocurrency basket” alongside Bitcoin and Ether. Offering ongoing, updated, exchange rates that were determinate and fixed worldwide. All to better anchor the three coins transparently and openly all over the globe.

Such a supra-national www.investopedia.com/terms/s/supranational.asp  system like the IMF model will be first and perhaps the most crucial step in integrating the bitcoin, Altcoin and cryptocurrency multi-universe into the fiat banking system. It will also be needed if the sovereign nations decide to issue their national cryptocurrencies in future.

According to the spokesperson for ACChain (issuers of ACCoin),  Serena Lin said:

“Within a week of the X-mas release, Google showed our announcement had been picked up or linked on over 7500 English language websites worldwide, and our staff was working round the clock, answering questions on social media, especially Twitter. People were demanding to know more. All things considered, we decided to delay the closing of the A-SDR ICO an extra seven days, to January 31, to try to answer questions.”

The Need For A Digital Basket

“Experts agree that one of the excellent benefits of blockchain is the elimination of the third party, with fast and cheap transaction costs. It is estimated by the WTO, that over $1.6 trillion is spent on international transaction fees annually.

What is ACCoin and why does it Deserve To Quantify Bitcoin and Ether?

According to Lin, Accoin is the best-kept secret in the digital world.  ” Representing years of work done even before the launch of Bitcoin. ACCoin was designed and configured, complete with its ecosystem to be the pioneer anchoring or digitizing token worldwide. It can convert (and later re-constitute) both tangible and intangible assets to and from the digital universe.

Every coin or token that is not anchored to a quantifiable asset is nothing but “Blockchain 2.0”. Only coins and tokens anchored to a quantifiable and identifiable element deserve to be called blockchain 3.0, which is the final phase of the digital revolution.

Lin further stated that :

“Consider that asset-backed coins are not only quantifiable, but ownership is specific and allocated. Unlike, for example, commodity futures that trade billions of dollars per day, per commodity, per exchange but are mostly backed by nothing. Consider also that, over time, the daily trading volume of asset-backed coins will far exceed that of simple utility tokens that are unbacked. For more info on the complete, integrated, ACCoin system, visit www.Acchain.org.

In the future majority of the issued digitized tokens will use the ACCoin system just like Ether is being used now, Lin said.

“So by anchoring both Bitcoin and Ethereum in the A-SDR, we are adding value to these coins for the future, as they will finally be able to be quantified in terms of a “basket” bound to real things.”

What Participants Stand to Gain From the A-SDR ICO

Lin has said that participants will receive ACCoin just as in the case of developers who use Ether. Every subsequent and future transaction involving digitization and anchoring of a real asset using the platform will incrementally increase the value of ACCoin.

“We have many announcements coming in 2018. We expect several of these announcements to deal with the conversion, via traditional banks, from digital to fiat, and vice versa.”

Is The IMF Involved With The A-SDR?

“We simply borrowed a concept that had proven itself workable over decades, and retooled it to solve a pressing need in the crypto space.”

But aren’t there tokens already doing Digitization?

” There are indeed single-utility tokens or coins that claim to be able to anchor one specific asset, under one specific circumstance, at one specific time. Tokens anchored to gold and sold as an investment, for example, are very popular now. But the team behind ACCoin has spent over ten years developing an actual ecosystem designed to allow the conversion and reconstitution of assets, in real time, 24/7, both horizontally (within the blockchain universe) and vertically(to and from the hard-asset universe).”

She further added:

“To be clear, there is no one else doing this. In fact, while some of the individual features of ACCoin are duplicated by other coins, there is no single coin or token offering the full spectrum of service and utility that ACCoin is offering; nor is there any similar coin that is overseen by a decentralized international committee; nor is there any similar coin operating a supranational level , a level higher than local or national (sovereign) digital currencies.

How does the A-SDR work?

“Every 180 days, the A-SDR Fund will issue new units to satisfy pent-up demand for asset-digitization via ACCoins within the ecosystem. At the same time, the relative exchange values between the three digital currencies in the basket (ACC, Bitcoin, and Ether) will be adjusted.  Over time, markets will naturally discover that, of the three coins, ACC is the more stable, and the only one grounded in physical assets.  Of the three coins only ACC will offer all five critical attributes that financial institutions insist on – quantifiable value; scalability; liquid circulation; stability for storage; and global acceptance as payment and settlement for transactions involving digital assets.”

Are there, Early Adopters?

“The hard rollout of the A-SDR/ACCoin model is taking place right now with the official launch of the A-SDR Fund! Through the summer of 2017, the ecosystem was successfully stress-tested with a variety of assets including a rare type of Chinese tea and a very large real estate project in Texas. Other successful tests included financial instruments and even a line of electric cars.”

Lin also told BitcoinPRbuzz that:

“In December 2017, the global E-commerce giant TENCENT Holdings Ltd  announced it had adopted the ACCoin ecosystem and was looking forward to playing a significant role in the rollout.”

Wu Fei, a Senior Architect of the industry-leading TENCENT CLOUD program, said: “TENCENT CLOUD will work hand-in-hand with the A-SDR to create an asset-based digital product that will ultimately disrupt the entire industry. See video. TENCENT operates mainly out of Asia and has a market cap over $500 billion. In comparison, the market cap of Disney is less than $100 billion.”

The ICO is structured to allow direct participation to subscribers already holding Ether or Bitcoin.

For more information click here www.acchain.org/en/activity.html

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